PROVEBEL: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
PROVEBEL
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€72,035
2024 · -€74,696+€2,661
Equity
€2.3m
2024 · €1.6m+€698,979
Cash
€31,589
2024 · €16,156+€15,433
Balance sheet total
€5.4m
2024 · €4.6m+€860,991
Largest movements
Assets
- Tangible fixed assets +€905,879
up €905,879 (+20.2%), from €4.5m to €5.4m
of which Land and buildings: +€2.2m
- Receivables within one year -€55,233
down €55,233 (-91.7%), from €60,244 to €5,012
of which Trade receivables: -€37,774
Equity and liabilities
- Contributions +€771,014
up €771,014 (+60.9%), from €1.3m to €2.0m
- Debts after one year +€195,674
up €195,674 (+7.4%), from €2.6m to €2.8m
of which Other amounts payable: +€225,000
Income statement
- Depreciation +€75,400
up €75,400 (+231.1%), from €32,628 to €108,028
- Gross operating margin +€48,522
up €48,522, from -€5,463 to €43,059
- Other operating charges -€1,823
down €1,823 (-29.5%), from €6,188 to €4,365
- Financial charges -€744
down €744 (-6.6%), from €11,293 to €10,549
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
-€74,696
Gross operating margin
+€48,522
Depreciation
-€75,400
Other operating charges
+€1,823
Other operating items
+€18,828
Financial income
-€124
Financial charges
+€744
Deferred taxes and other
+€8,269
Result 2025
-€72,035
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€61,913
Investment
-€1.0m
Financing
+€967,426
Cash 2024
€16,156
From operations (derived)
+€61,913
Net result for the year
-€72,035
Depreciation
+€108,028
Receivables within one year
+€55,233
Deferred charges and accrued income
+€5,088
Provisions
-€8,269
Trade debts
-€26,132
Investment (derived)
-€1.0m
Investment in fixed assets (net)
-€1.0m
Financing
+€967,426
Debts after one year
+€195,674
Current portion of long-term debt
+€738
Contributions, distributions and other
+€771,014
Cash 2025
€31,589
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,584,564 | €5,445,555 | +€860,991 | +18.8% |
| Fixed assets | 21/28 | €4,485,790 | €5,391,668 | +€905,879 | +20.2% |
| Tangible fixed assets | 22/27 | €4,485,790 | €5,391,668 | +€905,879 | +20.2% |
| Land and buildings | 22 | €3,156,624 | €5,380,413 | +€2.2m | +70.4% |
| Plant, machinery and equipment | 23 | €13,050 | €8,304 | -€4,746 | -36.4% |
| Furniture and vehicles | 24 | €2,886 | €1,631 | -€1,255 | -43.5% |
| Other tangible fixed assets | 26 | €1,601 | €1,321 | -€280 | -17.5% |
| Assets under construction and advance payments | 27 | €1,311,629 | €0 | -€1.3m | -100.0% |
| Current assets | 29/58 | €98,774 | €53,886 | -€44,888 | -45.4% |
| Amounts receivable within one year | 40/41 | €60,244 | €5,012 | -€55,233 | -91.7% |
| Trade receivables | 40 | €37,774 | €0 | -€37,774 | -100.0% |
| Other amounts receivable | 41 | €22,471 | €5,012 | -€17,459 | -77.7% |
| Cash at bank and in hand | 54/58 | €16,156 | €31,589 | +€15,433 | +95.5% |
| Deferred charges and accrued income | 490/1 | €22,374 | €17,286 | -€5,088 | -22.7% |
| Total equity and liabilities | 10/49 | €4,584,564 | €5,445,555 | +€860,991 | +18.8% |
| Equity | 10/15 | €1,627,340 | €2,326,320 | +€698,979 | +43.0% |
| Contributions | 10/11 | €1,265,719 | €2,036,733 | +€771,014 | +60.9% |
| Reserves | 13 | €848,863 | €824,057 | -€24,806 | -2.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €847,003 | €822,197 | -€24,806 | -2.9% |
| Profit (loss) carried forward | 14 | -€487,241 | -€534,470 | -€47,228 | -9.7% |
| Provisions and deferred taxes | 16 | €275,624 | €267,355 | -€8,269 | -3.0% |
| Deferred taxes | 168 | €275,624 | €267,355 | -€8,269 | -3.0% |
| Amounts payable | 17/49 | €2,681,600 | €2,851,880 | +€170,280 | +6.3% |
| Amounts payable after more than one year | 17 | €2,626,522 | €2,822,196 | +€195,674 | +7.4% |
| Financial debts | 170/4 | €347,672 | €318,347 | -€29,326 | -8.4% |
| Other amounts payable | 178/9 | €2,278,849 | €2,503,849 | +€225,000 | +9.9% |
| Amounts payable within one year | 42/48 | €55,079 | €29,684 | -€25,394 | -46.1% |
| Current portion of amounts payable after more than one year | 42 | €28,588 | €29,326 | +€738 | +2.6% |
| Trade debts | 44 | €26,491 | €358 | -€26,132 | -98.6% |
| Suppliers | 440/4 | €26,491 | €358 | -€26,132 | -98.6% |
| Taxes, remuneration and social security | 45 | - | €0 | = | |
| Taxes | 450/3 | - | €0 | = | |
| Non-recurring operating income | 76A | €13,296 | - | -€13,296 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,628 | €108,028 | +€75,400 | +231.1% |
| Other operating charges | 640/8 | €6,188 | €4,365 | -€1,823 | -29.5% |
| Non-recurring operating charges | 66A | €19,248 | €420 | -€18,828 | -97.8% |
| Gross operating margin | 9900 | -€5,463 | €43,059 | +€48,522 | |
| Operating profit (loss) | 9901 | -€63,527 | -€69,754 | -€6,227 | -9.8% |
| Financial income | 75/76B | €124 | - | -€124 | |
| Recurring financial income | 75 | €124 | - | -€124 | |
| Financial charges | 65/66B | €11,293 | €10,549 | -€744 | -6.6% |
| Recurring financial charges | 65 | €11,293 | €10,549 | -€744 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€74,696 | -€80,303 | -€5,607 | -7.5% |
| Transfer from deferred taxes | 780 | - | €8,269 | +€8,269 | |
| Profit (loss) for the period | 9904 | -€74,696 | -€72,035 | +€2,661 | +3.6% |
| Transfer from tax-exempt reserves | 789 | - | €24,806 | +€24,806 | |
| Profit (loss) for the period to be appropriated | 9905 | -€74,696 | -€47,228 | +€27,468 | +36.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.